Dodd, Frank are at it again

U.S. Sen. Chris Dodd and the comical congressman Barney Frank have mounted a last-ditch “kamikaze attack” on the American taxpayer. They slipped in a provision in the financial reform bill that can only be viewed as “more great news for deadbeats.”

Borrowers from Fannie and Freddie can now get a mortgage, renege on the payments, file for bankruptcy and then reapply for another mortgage in just two years and start the entire ugly process again.

The amount of time to reapply for a mortgage from Fannie and Freddie after filing bankruptcy has been lowered from seven to four and now two years. These feckless, pusillanimous pip-squeaks have once again shown their utter disdain for the majority of Americans who pay their obligations.